About Second Issue
Money was scarce during the Civil War, and coins of all denominations were hoarded. This brought about a major coin shortage. Desperate times called for desperate measures, and the United States government issued so-called fractional currency in denominations of less than $1 face. This practice lasted from 1862 through 1876, and during that 14-year period there were five distinct types of issues.
The Second Issue was printed from October 10, 1863 through February 23, 1867 in denominations consisting of 5 cents, 10 cents, 25 cents, and 50 cents. All of these notes have an obverse design of George Washington located within a bronze oval frame. The reverse of each denomination is printed in a distinct color.
The prices listed in our database are intended to be used as an indication only. CDN Publishing, LLC does not buy or sell collectible coins or currency and users are strongly encouraged to seek multiple
sources of pricing before making a final determination of value. CDN Publishing is not responsible for typographical or database-related errors. Your use of this site indicates full acceptance of these terms.